Goldman Sachs predicts US jobs growth via World Cup
Goldman Sachs Bank expects the US employment report for June to be strong, supported by job gains related to hosting the World Cup matches, with an estimated addition of around 140,000 jobs. There will be a noticeable impact on the hospitality and entertainment sectors. Although the overall pace of employment growth has slowed, the data indicates a slight decline of only 1.2% in employment in the World Cup host cities, compared to a larger drop in other cities, reflecting the tournament's impact on the local job markets in those areas.
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